Vaughan David Investments LLC IL Sells 8,613 Shares of Lam Research Corporation $LRCX

by · The Markets Daily

Vaughan David Investments LLC IL decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 1.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 611,996 shares of the semiconductor company’s stock after selling 8,613 shares during the quarter. Lam Research makes up approximately 1.8% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 5th largest position. Vaughan David Investments LLC IL’s holdings in Lam Research were worth $81,946,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. IMG Wealth Management Inc. purchased a new stake in Lam Research during the 2nd quarter valued at approximately $26,000. Howard Hughes Medical Institute acquired a new position in shares of Lam Research in the second quarter valued at approximately $27,000. Sound Income Strategies LLC purchased a new stake in shares of Lam Research during the third quarter worth approximately $41,000. Tripletail Wealth Management LLC purchased a new stake in shares of Lam Research during the third quarter worth approximately $44,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in shares of Lam Research during the second quarter worth $29,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LRCX. Jefferies Financial Group reissued a “buy” rating and issued a $200.00 price objective (up from $175.00) on shares of Lam Research in a research note on Monday, December 15th. JPMorgan Chase & Co. lifted their target price on shares of Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Citigroup increased their price target on shares of Lam Research from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. The Goldman Sachs Group restated a “buy” rating and issued a $180.00 price objective on shares of Lam Research in a research report on Friday, January 9th. Finally, B. Riley reaffirmed a “buy” rating on shares of Lam Research in a report on Thursday. Twenty-eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $192.46.

View Our Latest Report on LRCX

Lam Research Stock Performance

LRCX opened at $222.96 on Tuesday. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $229.57. The stock has a market cap of $280.04 billion, a P/E ratio of 49.11, a P/E/G ratio of 2.55 and a beta of 1.77. The stock’s 50 day simple moving average is $172.73 and its 200 day simple moving average is $138.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX – Get Free Report) last posted its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.Lam Research’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were given a $0.26 dividend. The ex-dividend date was Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. Lam Research’s payout ratio is currently 22.91%.

Insider Buying and Selling

In other Lam Research news, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $159.99, for a total value of $207,667.02. Following the sale, the director owned 1,652 shares of the company’s stock, valued at $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer owned 987,237 shares in the company, valued at $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 50,418 shares of company stock worth $7,667,305 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Lam Research Company Profile

(Free Report)

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.

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